European airline stocks experienced a second day of light holiday trade, with the majority of prices moving approximately 1.0 ppt up or down, including Finnair (+1.1%), Turkish Airlines (0.9%), Thomas Cook Group (+0.4%), El Al (-0.4%), Lufthansa (-0.5%) and Iberia (-0.6%).
Shares in Aer Lingus jumped 4.6%, as the Iseq rose 2.3%, while Aegean Airlines gained 3.9%.
Meanwhile, British Airways’ shares dipped 1.6%. The carrier faces further prospects of industrial unrest in mid to late Feb-2010. Cabin crew union, Unite, is now preparing to ballot members by the end of Jan-2009 by updating its membership list to ensure this ballot cannot be ruled unlawful.
Europe selected airlines daily share price movements (% change): 29-Dec-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance